Recommended guarantor loan - something like Amigo Loans?

Borders2017

sounds like your son is maybe looking for a change of career.
If that's the case, he should be saving for the item or raising finance himself.
Why are you having to bankroll him? hes 25......
He can apply for a loan at his own bank or where he does business banking. He might be better getting a business loan if he has accounts there

Penguin_

Why don't you take out the £6,000 loan with your bank & give him the money & he re-pays you?

nowhereboy

I play in a band and have toured the UK/supported some big acts on big stages. It's nothing more than a passion for me now tho, its an incredibly hard way to make a sustainable living these days. Everyone wants to exploit you for cash while sending very little your way. 

I do hope the music venture is for fun and  not the means to repay the loan. 

I wish him all the best but don’t let him make the same mistakes I did at 25. Took me until the age of 35 to get my life in order after years of bands/gigs and debt. 

Jev88

Penguin_ said:

Why don't you take out the £6,000 loan with your bank & give him the money & he re-pays you?

That doesn't build his own credit rating does it?

[Deleted User]

He can build a credit history without paying for a hugely expensive loan though. Never pay for a credit history.

DCFC79

Jev88 said:

Penguin_ said:

Why don't you take out the £6,000 loan with your bank & give him the money & he re-pays you?

That doesn't build his own credit rating does it?

No it doesn't but do remember no one except the person involved only sees the credit rating, the credit history is whats important.

3 options open to him
He saves up and either buys it in 1 go or 1 piece at a time
You take out the loan yourself and give it to him.
He takes out the finance himself

If any are still around Do Not go for a guarantor loan, you pay through the nose for it. Are you aware your liable if your son missed a payment ?